Consolidated balance sheet

As of 31 December 2018 and 2017, CHF million	Notes	2018	%	2017	%

Cash and cash equivalents		533		624
Marketable securities	(2.3.2)	9		9
Trade accounts receivable	(2.1.1)	697		754
Inventories	(2.2)	779		773
Income taxes receivable	(2.1.2)	11		9
Other accounts receivable	(2.1.3)	62		62
Prepayments to creditors		22		30
Accrued income		15		16
Current assets		2’128	62	2’277	63

Property, plant, and equipment for own use	(2.4)	1’046		1’170
Investment properties	(2.4)	84		36
Intangible assets	(2.5)	34		29
Deferred tax assets	(5.3)	53		85
Other financial assets	(5.2)	99		13
Non-current assets		1’316	38	1’333	37

Assets		3’444	100	3’610	100

Trade accounts payable		498		593
Bonds	(3.1.1)			150
Other financial liabilities	(3.1.1)	144		147
Loans from pension fund institutions	(3.1.1, 5.1)	4		28
Other liabilities	(2.3.1, 2.3.2)	56		69
Prepayments from customers		74		65
Current tax liabilities		57		63
Provisions	(2.6.1)	38		45
Accrued liabilities and deferred income	(2.6.2)	253		258
Current liabilities		1’124	33	1’418	39

Bonds	(3.1.1)	574		374
Other financial liabilities	(3.1.1)	58		117
Pension benefit obligations	(5.1)	47		127
Other liabilities	(2.3.1)	39		38
Provisions	(2.6.1)	111		120
Deferred tax liabilities	(5.3)	63		47
Non-current liabilities		892	26	823	23

Liabilities		2’016	59	2’241	62

Share capital	(3.4)	4		4
Capital reserves		26		26
Treasury shares	(3.5)	–9		–8
Retained earnings		1’361		1’295
Equity attributable to shareholders of Georg Fischer Ltd		1’382	40	1’317	37

Non-controlling interests		46	1	52	1
Equity	(3.4)	1’428	41	1’369	38

Liabilities and equity		3’444	100	3’610	100